Quarterly report pursuant to Section 13 or 15(d)

ASSET RETIREMENT OBLIGATIONS

v3.19.3
ASSET RETIREMENT OBLIGATIONS
6 Months Ended
Sep. 30, 2019
Asset Retirement Obligation Disclosure [Abstract]  
ASSET RETIREMENT OBLIGATIONS

NOTE 5 – ASSET RETIREMENT OBLIGATIONS

  

The following table presents the reconciliation of the beginning and ending aggregate carrying amounts of long-term legal obligations associated with the future retirement of oil and natural gas properties for the six-month periods ended September 30, 2019 and 2018, respectively. 

 

    2019     2018  
Carrying amount at beginning of year   $ 303,809     $ 979,159  
Accretion     1,000       4,725  
Dispositions           (699,536 )
Revisions of previous estimates     (41,017 )     48,099  
Carrying amount at end of year   $ 263,792     $ 985,365  

  

Camber has no short-term obligations as of September 30, 2019 and March 31, 2019.